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Re: tai12345 post# 9525

Wednesday, 04/06/2022 1:55:20 PM

Wednesday, April 06, 2022 1:55:20 PM

Post# of 10443
tai, yes questions abound. At the CC they said $1 by 8/1 to keep our listing will be no problem,(no guarantee) So Continenal selling 2,500,000 shares at .48 is .52 less than $1 they could get in August or $1,300,000 more if they would wait. But, these big companies have so many pots in the fire and they get tax deductions. The have sold $84,363,947($108 per share) of Bunge stock this March.They bought it in 2018 to save BG from a hostile takeover by ADM. The stock is up 95% since since then. So, the RIBT loss is chump change compared to the BG gain.

BTY The CEO of Continenral Paul Fribourge sold $114,452,204 in February and March. So the RIBT loss is really chump change the Continental.

https://www.secform4.com/insider-trading/1144519.htm

I did see Bunge in March converted all it's preffered shares to common. It had no adverse affect on the stock and nothing to do with Continental selling some BG stock.

https://finance.yahoo.com/news/bunge-announces-preferred-shares-convert-210000182.html

I do think BOD Chemerow buying 50,000 shares of RIBT at .50 just a day before continental selling their first sale is a plus.

https://www.secform4.com/insider-trading/1063537.htm

RIBT will have a CC in a month or less. We'll know more then and the subjuct will surly be brought up by a caller if not disccussed in the first part of the CC.




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